Leo H Bendit Charitable Foundation
Leo H Bendit Charitable Foundation consistently operates with zero officer compensation but frequently spends more than its annual revenue.
EIN: 136143764 · Chestnut Hill, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $987K |
| Total Expenses | $282K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.1M |
| Transparency Score | 70/100 |
Is Leo H Bendit Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leo H Bendit Charitable Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leo H Bendit Charitable Foundation
Leo H Bendit Charitable Foundation (EIN: 136143764) is a nonprofit organization based in Chestnut Hill, MA. The organization reported total revenue of $987K and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leo H Bendit Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leo H Bendit Charitable Foundation is a small nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $269K |
| Total Expenses | $282K |
| Surplus / Deficit | $-13,249 |
| Total Assets | $3.1M |
| Total Liabilities | $1 |
| Net Assets | $3.1M |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 132.4 months |
Financial Health Grade: B
In 2023, Leo H Bendit Charitable Foundation reported a deficit of $13K with expenses exceeding revenue, holds 132.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Leo H Bendit Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +414.6% | +2.3% | -0.4% |
| 2022 | -82.8% | +10.6% | -6.7% |
| 2021 | +89.9% | +9.0% | +1.7% |
| 2020 | -68.6% | +8.4% | -2.0% |
| 2019 | +482.1% | +20.9% | +27.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Leo H Bendit Charitable Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Leo H Bendit Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly efficient for a foundation of its size with assets over $3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Leo H Bendit Charitable Foundation's IRS 990 filings:
- Frequent periods where expenses exceed revenue, indicating reliance on asset drawdowns (e.g., 202312: Expenses $282,440 vs. Revenue $269,191; 202212: Expenses $276,171 vs. Revenue $52,312).
- Lack of detailed expense breakdown (program, admin, fundraising) in the summary data, hindering a full assessment of spending efficiency.
- NTEE code is unknown, which limits understanding of the organization's specific charitable focus.
Strengths
The following positive indicators were identified for Leo H Bendit Charitable Foundation:
- Consistent reporting of 0% officer compensation, indicating highly efficient executive management.
- Maintains substantial assets ($3,116,620 in 202312) relative to its annual expenses, providing financial stability.
- Consistently low liabilities ($1), indicating a very healthy balance sheet with minimal debt.
- Consistent filing of IRS Form 990s, demonstrating compliance and basic transparency.
Frequently Asked Questions about Leo H Bendit Charitable Foundation
Is Leo H Bendit Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Leo H Bendit Charitable Foundation (EIN: 136143764) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Leo H Bendit Charitable Foundation spend its money?
Leo H Bendit Charitable Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Leo H Bendit Charitable Foundation tax-deductible?
Leo H Bendit Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 136143764). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Leo H Bendit Charitable Foundation CEO make?
Leo H Bendit Charitable Foundation's highest-compensated officer earns $3 annually. The organization reported $987K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Leo H Bendit Charitable Foundation located?
Leo H Bendit Charitable Foundation is headquartered in Chestnut Hill, Massachusetts and files with the IRS under EIN 136143764.
How many years of IRS 990 filings does Leo H Bendit Charitable Foundation have?
Leo H Bendit Charitable Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $987K in total revenue.
What are the specific programs or grants funded by the Leo H Bendit Charitable Foundation?
The provided IRS 990 summary data does not specify the programs or grants funded. Further investigation into the full 990 forms would be required to understand its programmatic activities.
Why does the foundation frequently spend more than its annual revenue?
The foundation's expenses have exceeded its revenue in several periods (e.g., 202312, 202212, 202012). This suggests it is utilizing its substantial asset base ($3,116,620 in 202312) to cover operational costs and potentially grantmaking, which is common for foundations that manage endowments.
What is the NTEE code for this organization, and what does it signify about its mission?
The NTEE code is listed as 'Unknown' in the provided data. This code would typically categorize the organization's primary purpose, and its absence limits understanding of its specific mission area.
How does the foundation manage its investments to generate revenue?
While the foundation has significant assets, the provided data does not detail its investment strategies or how it generates its fluctuating revenue, which ranged from $52,312 to $510,280 in recent years.
Filing History
IRS 990 filing history for Leo H Bendit Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Leo H Bendit Charitable Foundation's revenue has declined by 5%, moving from $283K to $269K. Total assets increased by 16% over the same period, from $2.7M to $3.1M. Total functional expenses rose by 71.1%, from $165K to $282K. In its most recent filing year (2023), Leo H Bendit Charitable Foundation reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $269K | $282K | $3.1M | $1 | — | View 990 |
| 2022 | $52K | $276K | $3.1M | $1 | — | View 990 |
| 2021 | $304K | $250K | $3.4M | $1 | — | — |
| 2020 | $160K | $229K | $3.3M | $1 | — | — |
| 2019 | $510K | $211K | $3.4M | $1 | — | View 990 |
| 2015 | $88K | $175K | $2.6M | $1 | — | View 990 |
| 2014 | $129K | $172K | $2.7M | $1 | — | View 990 |
| 2013 | $311K | $160K | $2.8M | $1 | — | View 990 |
| 2012 | $95K | $156K | $2.6M | $1 | — | View 990 |
| 2011 | $283K | $165K | $2.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $269K, expenses of $282K, and assets of $3.1M (revenue +414.6% year-over-year).
- 2022: Revenue of $52K, expenses of $276K, and assets of $3.1M (revenue -82.8% year-over-year).
- 2021: Revenue of $304K, expenses of $250K, and assets of $3.4M (revenue +89.9% year-over-year).
- 2020: Revenue of $160K, expenses of $229K, and assets of $3.3M (revenue -68.6% year-over-year).
- 2019: Revenue of $510K, expenses of $211K, and assets of $3.4M (revenue +482.1% year-over-year).
- 2015: Revenue of $88K, expenses of $175K, and assets of $2.6M (revenue -32.0% year-over-year).
- 2014: Revenue of $129K, expenses of $172K, and assets of $2.7M (revenue -58.6% year-over-year).
- 2013: Revenue of $311K, expenses of $160K, and assets of $2.8M (revenue +227.3% year-over-year).
- 2012: Revenue of $95K, expenses of $156K, and assets of $2.6M (revenue -66.4% year-over-year).
- 2011: Revenue of $283K, expenses of $165K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leo H Bendit Charitable Foundation:
Data Sources and Methodology
This transparency report for Leo H Bendit Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.